Oh Yes! The Nifty went up as per the expectation of the wealthbull newsletter readers.

While the likes of Sukani gave short calls on Nifty we clearly wrote that “Beleaguered bears will be slaughtered in the vicissitude of the market dominated by the bulls!”

On Friday before the market hours we wrote “The small gap which was created yesterday between 6336 and 6340 augments well for the bulls.”

In fact throughout last week we wrote that the undercurrent would help the bulls as the indicator favored them. What to expect from the market now?

On Friday the market opened with yet another gap between 6407 and 6414! This may be closed sooner as it is not good to have too many gaps in the up/down move. A small correction is not ruled out now but the bulls will keep buying on every dip to slaughter the bears in the next up move of the market. The momentum favours bulls and members are adviced not to initiate short position unless the gap between 6336 and 6340 is closed!